House Ways and Means

Ways and Means to weigh rollback of state, local tax deduction cap
SALT cap in 2017 overhaul law hit taxpayers in high-tax states especially hard

Rep. Bill Pascrell Jr., D-N.J., said he expects the decision on whether to move legislation related to the SALT cap to be made in the next week. (Caroline Brehman/CQ Roll Call file photo)

Democrats on the House Ways and Means Committee will soon hold “at least a full-throttle discussion” about their concerns with the $10,000 cap on state and local income tax deductions that was part of the 2017 tax code overhaul, though it is uncertain whether that will lead to legislation that would increase or even repeal the limit.

Ways and Means Chairman Richard E. Neal of Massachusetts told reporters Tuesday that the Select Revenue Measures Subcommittee would be taking up the issue “pretty quick.”

Trying to conceal tax returns, Trump sees political coordination in subpoenas
President accuses New York officials of working with House Democrats to damage him

President Donald Trump has filed a lawsuit seeking to stop the release of his state tax returns. (Doug Mills/The New York Times/Pool file photo)

President Donald Trump says New York Attorney General Letitia James is “closely coordinating with House Democrats in a joint effort to obtain and expose” the president’s tax returns and financial information.

The allegation came in a filing Monday in federal district court in Washington as Trump amended the July 23 lawsuit he brought to block James and Michael R. Schmidt, commissioner of New York state’s Department of Taxation and Finance, from providing the president’s state tax returns to the House Ways and Means Committee.

Democrats want to eliminate corporate tax cut but their tax measure avoids it
Democrats have plans for spending money raising corporate rate would bring in, but they’ll go nowhere as long as Trump is in the Oval Office

House Ways and Means Chairman Richard Neal, D-Mass., has not included eliminating the corporate tax cut in current moving legislation. (Bill Clark/CQ Roll Call)

There’s no lack of plans from Democrats paid for by undoing at least part of the huge 2017 corporate tax rate cut. But the only Democrat with a tax bill currently moving through Congress is pointedly not talking about revisiting the lower 21 percent rate.

The 14 percentage point rate cut in the 2017 law, which is permanent, was projected to save corporations $1.35 trillion over its first 10 years. 

Justice Department sides with Treasury in blocking Trump tax returns
Mnuchin rejected demand by House Ways and Means Democrats

Treasury Secretary Steven Mnuchin had refused to comply with a subpoena from House Ways and Means Democrats for President Donald Trump’s tax returns. (Tom Williams/CQ Roll Call file photo)

The Justice Department released an opinion Friday that backed up the Treasury Department’s decision not to give Congress copies of President Donald Trump’s tax returns, concluding that the “true aim” was to make the documents public and that “is not a legitimate legislative purpose.”

The Office of Legal Counsel opinion comes after Treasury Secretary Steven Mnuchin refused to comply with a subpoena for Trump’s tax returns from House Ways and Means Chairman Richard E. Neal last month.

With Levin Leaving, Dan Kildee Seeks Ways and Means Spot
Third-term Michigan Democrat spent the weekend lobbying leadership

Rep. Dan Kildee, second from left, is angling for a spot on the Ways and Means Committee now that fellow Michigan Rep. Sander M. Levin, second from right, isn’t seeking re-election in 2018. Also pictured, from left, Virginia Rep. Robert C. Scott and Michigan Sens. Gary Peters and Debbie Stabenow.  (Tom Williams/CQ Roll Call File Photo)

With longtime House Ways and Means member Sander M. Levin announcing Saturday he won’t run for re-election next year, his fellow Michigan Democratic Rep. Dan Kildee spent the weekend lobbying leadership for a spot on the influential panel.

Kildee sent letters to each member of the Democratic Steering and Policy Committee, which is responsible for making committee assignments after the midterms.

Monday’s House Tax Bill Markup Is Crunch Time for GOP
 

Capitol Ink | Pressure Kick
 

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